Export-Led Policy, Agricultural, Industrial, and Financial Sectors Growth in Cameroon
DOI:
https://doi.org/10.5296/ber.v13i4.21373Abstract
This paper investigates the relationship between export and sectoral growth in Cameroon. The study retrieves time series data from the World Bank database during 1970-2021 . It applies the unit roots test, the Johansen cointegration test, and vector error correction model to investigate the long-run relationship between export expansion and sectoral growth. The results indicate that the long-run relationship exists between export and agricultural, industrial, as well as financial sectors’ growth in Cameroon. The impulse response function clearly shows that a unique shock to export would positively affect sectoral growth. In general, it suggests that the export-led policy will eventually enhance the economic growth and development in the agricultural, industrial, and financial sectors in Cameroon.